Reich: Crumbling Labor Market Pulling US Back Into Recession Friday, 04 Jun 2010 04:10 PM By: Frank McGuire Economist Robert Reich said the United States is sliding into a double-dip recession because the labor market continues to deteriorate. “The private sector added a measly 41,000 net new jobs in May. But at least 100,000 new jobs are needed every month just to keep up with population growth,” he wrote on his website. The average length of unemployment continues to increase, rising to 34.4 weeks, up from 33 weeks in April. /snip “The only reason the economy isn't in a double-dip...
